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On 13 January, 2016, the InternationalAccounting Standard Board (IASB) announced the issuance of a new accountingstandard: International Financial Reporting Standard (IFRS) 16, on leases,which took effect on 1 January 2019. The new standard has changed the basis ofaccounting for leases which was in force for more than thirty years. Read more: https://innerkonsult.com/nigeria-has-the-new-lease-rule-come-to-change-the-tax-space/

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